[Photographer Joakim Krger NCC]
NCC sells its first office project in Järva Krog to Fastpartner
Transfer and receipt of the purchase consideration is expected to take place in the first quarter of 2020, yielding a positive earnings effect in the NCC Property Development business area.
Because NCC is the principal tenant of the property, approximately 40 percent of the result from the sale will be eliminated at Group level in compliance with IFRS 16. This will subsequently be recognized in income over the ten-year duration of the lease.